XMBR.L vs. IHYA.L
XMBR.L (Xtrackers MSCI Brazil UCITS ETF 1C) and IHYA.L (iShares USD High Yield Corporate Bond UCITS ETF USD (Acc)) are both exchange-traded funds - XMBR.L is a Latin America Equities fund tracking the MSCI Brazil NR USD, while IHYA.L is a High Yield Bonds fund tracking the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 5 years, XMBR.L returned 6.36%/yr vs 4.26%/yr for IHYA.L. At a 0.27 correlation, their price movements are largely independent. XMBR.L charges 0.65%/yr vs 0.50%/yr for IHYA.L.
Performance
XMBR.L vs. IHYA.L - Performance Comparison
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Different Trading Currencies
XMBR.L is traded in GBp, while IHYA.L is traded in USD. To make them comparable, the IHYA.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, XMBR.L achieves a 13.69% return, which is significantly higher than IHYA.L's 1.35% return.
XMBR.L
- 1D
- -0.93%
- 1M
- 2.19%
- 6M
- 10.27%
- YTD
- 13.69%
- 1Y
- 37.02%
- 3Y*
- 9.03%
- 5Y*
- 6.36%
- 10Y*
- 6.58%
IHYA.L
- 1D
- -0.91%
- 1M
- -0.74%
- 6M
- 0.87%
- YTD
- 1.35%
- 1Y
- 5.25%
- 3Y*
- 6.77%
- 5Y*
- 4.26%
- 10Y*
- —
XMBR.L vs. IHYA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XMBR.L Xtrackers MSCI Brazil UCITS ETF 1C | 13.69% | 38.26% | -28.61% | 25.42% | 25.85% | -17.12% | -21.96% | 20.39% | 4.70% | 4.76% |
IHYA.L iShares USD High Yield Corporate Bond UCITS ETF USD (Acc) | 1.35% | 1.69% | 8.85% | 5.09% | 1.97% | 4.70% | 1.98% | 8.38% | 4.49% | -4.39% |
Correlation
The correlation between XMBR.L and IHYA.L is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2017 | 0.27 |
The correlation between XMBR.L and IHYA.L shifts across timeframes, from 0.07 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XMBR.L vs. IHYA.L — Risk / Return Rank
XMBR.L
IHYA.L
XMBR.L vs. IHYA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Brazil UCITS ETF 1C (XMBR.L) and iShares USD High Yield Corporate Bond UCITS ETF USD (Acc) (IHYA.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XMBR.L | IHYA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.95 | ||
| Sortino ratioReturn per unit of downside risk | +1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.14 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | 1.38 | +0.68 |
| Martin ratioReturn relative to average drawdown | 5.46 | 4.31 | +1.15 |
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Drawdowns
XMBR.L vs. IHYA.L - Drawdown Comparison
The maximum XMBR.L drawdown since its inception was -84.29%, which is greater than IHYA.L's maximum drawdown of -16.09%. Use the drawdown chart below to compare losses from any high point for XMBR.L and IHYA.L.
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Drawdown Indicators
| XMBR.L | IHYA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.29% | -16.09% | -68.20% |
Max Drawdown (1Y)Largest decline over 1 year | -17.94% | -3.79% | -14.15% |
Max Drawdown (3Y)Largest decline over 3 years | -40.25% | -8.94% | -31.31% |
Max Drawdown (5Y)Largest decline over 5 years | -40.25% | -10.79% | -29.46% |
Max Drawdown (10Y)Largest decline over 10 years | -53.50% | — | — |
Current DrawdownCurrent decline from peak | -41.59% | -2.27% | -39.32% |
Average DrawdownAverage peak-to-trough decline | -57.96% | -3.70% | -54.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.76% | 1.22% | +5.54% |
Volatility
XMBR.L vs. IHYA.L - Volatility Comparison
Xtrackers MSCI Brazil UCITS ETF 1C (XMBR.L) has a higher volatility of 5.49% compared to iShares USD High Yield Corporate Bond UCITS ETF USD (Acc) (IHYA.L) at 2.18%. This indicates that XMBR.L's price experiences larger fluctuations and is considered to be riskier than IHYA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XMBR.L | IHYA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.49% | 2.18% | +3.31% |
Volatility (6M)Calculated over the trailing 6-month period | 16.28% | 5.31% | +10.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.30% | 6.71% | +14.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.36% | 8.70% | +20.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.64% | 9.74% | +22.90% |
XMBR.L vs. IHYA.L - Expense Ratio Comparison
XMBR.L has a 0.65% expense ratio, which is higher than IHYA.L's 0.50% expense ratio.
Dividends
XMBR.L vs. IHYA.L - Dividend Comparison
Neither XMBR.L nor IHYA.L has paid dividends to shareholders.
Frequently Asked Questions
XMBR.L and IHYA.L have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IHYA.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IHYA.L is cheaper with a 0.50% expense ratio, compared with 0.65% for XMBR.L.
XMBR.L is categorized as Latin America Equities, while IHYA.L is High Yield Bonds. XMBR.L tracks MSCI Brazil NR USD, while IHYA.L tracks Bloomberg US Corporate High Yield TR USD. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.65% for XMBR.L and 0.50% for IHYA.L.
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